Kraft Heinz Co

Listed Company

KHCCIK 0001637459NasdaqLarge AcceleratedCanned, Frozen & Preservd Fruit, Veg & Food SpecialtiesDelawareFY ends Dec 26

Period

FY 2025

Revenue

—

Net Income

$-5.85B

Total Assets

$81.79B

Equity

$41.66B

Shares Out

1.18B

Op. Cash Flow

$4.46B

Business

Kraft Heinz Co is a global food and beverage company that manufactures, markets, and sells a broad portfolio of consumer food brands. It offers products across condiments, sauces, dressings, spreads, ready meals, frozen potato and meal products, snacks and meal kits, desserts, beverages (ready-to-drink and powdered), cheese, coffee, and processed meats. The company manages operations through four operating segments—North America, International Developed Markets (EPDM), West and East Emerging Markets (WEEM), and Asia Emerging Markets (AEM)—and eight consumer-driven product platforms. Its products are distributed through direct sales organizations, brokers, distributors, retail chains, convenience and club stores, foodservice channels, institutions, and e-commerce platforms across global markets.

Summary from filing dated 2025-02-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	24,942	25,846	26,640	26,485	26,042
Cost of products sold	16,633	16,878	17,714	18,363	17,360
Gross profit	8,309	8,968	8,926	8,122	8,682
Selling, general and administrative expenses, excluding impairment losses	3,672	3,616	3,692	3,575	3,588
Goodwill impairment losses	6,734	1,638	510	444	318
Intangible asset impairment losses	2,572	2,031	152	469	1,316
Selling, general and administrative expenses	12,978	7,285	4,354	4,488	5,222
Operating income/(loss)	−4,669	1,683	4,572	3,634	3,460
Interest expense	947	912	912	921	2,047
Other expense/(income)	−171	−85	27	−253	−295
Income/(loss) before income taxes	−5,445	856	3,633	2,966	1,708
Provision for/(benefit from) income taxes	403	−1,890	787	598	684
Net income/(loss)	−5,848	2,746	2,846	2,368	1,024
Net income/(loss) attributable to noncontrolling interest	−2	2	−9	5	12
Net income/(loss) attributable to common shareholders	−5,846	2,744	2,855	2,363	1,012
Basic earnings/(loss) per share (in dollars per share)	−4.93	2.27	2.33	1.93	0.83
Diluted earnings/(loss) per share (in dollars per share)	−4.93	2.26	2.31	1.91	0.82

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	2,615	1,334	1,400	1,040	3,445
Trade receivables (net of allowances of $34 at December 27, 2025 and $26 at December 28, 2024)	2,254	2,147	2,112	2,120	1,957
Inventories	3,167	3,376	3,614	3,651	2,729
Prepaid expenses	291	215	234	240	136
Marketable Securities	1,060	0	—	—	—
Other current assets	588	583	569	842	716
Total current assets	10,127	7,655	7,929	7,897	8,994
Property, plant and equipment, net	7,318	7,152	7,122	6,740	6,806
Goodwill	22,200	28,673	30,459	30,833	31,296
Intangible assets, net	37,529	40,099	42,448	42,649	43,542
Other non-current assets	4,633	4,708	2,381	2,394	2,756
TOTAL ASSETS	81,786	88,287	90,339	90,513	93,394
Current portion of long-term debt	1,908	654	638	831	740
Accounts payable	4,308	4,188	4,627	4,848	4,753
Accrued marketing	801	697	733	749	804
Interest payable	298	263	258	264	268
Other current liabilities	1,455	1,451	1,781	2,330	1,944
Liabilities held for sale	8	0	—	—	0
Total current liabilities	8,778	7,253	8,037	9,028	9,064
Long-term debt	19,311	19,215	19,394	19,233	21,061
Deferred income taxes	9,022	9,679	10,201	10,152	10,536
Accrued postemployment costs	131	135	143	144	205
Long-term deferred income	1,321	1,374	1,424	1,477	1,534
Other non-current liabilities	1,434	1,306	1,418	1,609	1,542
TOTAL LIABILITIES	39,997	38,962	40,617	41,643	43,942
Commitments and Contingencies (Note 16)	—	—	—	—	—
Redeemable noncontrolling interest	12	6	34	40	4
Common stock, $0.01 par value (5,000 shares authorized; 1,257 shares issued and 1,184 shares outstanding at December 27, 2025; 1,254 shares issued and 1,195 shares outstanding at December 28, 2024)	12	12	12	12	12
Additional paid-in capital	51,287	52,135	52,037	51,834	53,379
Retained earnings/(deficit)	−4,629	2,171	1,367	489	−1,682
Accumulated other comprehensive income/(losses)	−2,370	−2,915	−2,604	−2,810	−1,824
Treasury stock, at cost (73 shares at December 27, 2025 and 59 shares at December 28, 2024)	−2,636	−2,218	−1,286	−847	−587
Total shareholders' equity	41,664	49,185	49,526	48,678	49,298
Noncontrolling interest	113	134	162	152	150
TOTAL EQUITY	41,777	49,319	49,688	48,830	49,448
TOTAL LIABILITIES AND EQUITY	81,786	88,287	90,339	90,513	93,394
Assets held for sale	152	0	3	4	11

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	968	948	961	933	910
Divestiture-related license income	−52	−54	−54	−56	−4
Equity award compensation expense	95	109	141	148	197
Deferred income tax provision/(benefit)	−495	−2,857	17	−278	−1,042
Postemployment benefit plan asset transfers/(contributions)	185	161	−22	−23	—
Goodwill and intangible asset impairment losses	9,306	3,669	662	913	1,634
Nonmonetary currency devaluation	34	16	28	17	0
Loss/(gain) on sale of business	42	81	−4	−25	−44
Other items, net	−3	−46	207	−7	−187
Trade receivables	−55	−139	18	−228	87
Inventories	133	−6	−106	−1,121	−144
Accounts payable	−97	−308	−295	152	408
Other current assets	−88	−38	139	−314	−32
Other current liabilities	337	−98	−562	28	87
Net cash provided by/(used for) operating activities	4,462	4,184	3,976	2,469	5,364
Capital expenditures	−801	−1,024	−1,013	−916	−905
Payments to Acquire Intangible Assets	0	−140	0	0	—
Payments to Acquire Marketable Securities	−1,724	0	0	—	—
Proceeds from Sale and Maturity of Marketable Securities	686	0	0	—	—
Proceeds from sale of business, net of cash disposed and working capital adjustments	9	8	0	88	5,014
Other investing activities, net	−3	133	97	10	31
Net cash provided by/(used for) investing activities	−1,833	−1,023	−916	−1,091	4,038
Repayments of long-term debt	−678	−618	−848	−1,465	−6,202
Proceeds from issuance of long-term debt	1,620	594	657	0	0
Proceeds from issuance of commercial paper	0	0	150	228	0
Repayments of commercial paper	0	0	−150	−228	0
Dividends paid	−1,898	−1,931	−1,965	−1,960	−1,959
Repurchases of common stock	436	988	455	280	271
Other financing activities, net	141	−65	−67	−19	12
Net cash provided by/(used for) financing activities	−1,251	−3,008	−2,678	−3,714	−9,344
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	80	−71	−19	−69	−30
Net increase/(decrease)	1,458	82	363	−2,405	28
Interest	903	906	896	937	1,196

Filings

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